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FAANG's $800 Billion Rally Has Mom And Pop Calling It Quits

TedTed
in Fund Discussions
FYI: After a three-month rally that’s added more than $800 billion to the value of FAANG stocks, individual investors have decided it’s time to cash out of the high-flying names.

Retail clients at brokerage TD Ameritrade increased their overall exposure to equity markets for a second consecutive month in March, yet they sold shares of Amazon Inc., Facebook Inc., Netflix Inc. and Apple Inc. All four members of the so-called FAANG cohort -- which also includes Google parent Alphabet Inc. -- have gained at least 35 percent since stocks bottomed on Christmas Eve, one-and-a-half times the S&P 500’s return.
Regards,
Ted
https://www.fa-mag.com/news/faang-s--800-billion-rally-has-mom-and-pop-calling-it-quits-44227.html?print

Comments

  • jerry
    When I saw the headline I was concerned that mom and pop had done something wrong . Apparent;y what they did is reduce their holding in FAANG stocks , Are the right or wrong? Well its almost time for sell in May and go away so maybe they are just a little early and events could prove them correct.
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